If the U.S. economy is about 28, 29 trillion and we're going to borrow this year, publicly borrow, not total borrowing, publicly borrow, maybe 2.7, 2.8 trillion, you're functionally borrowing what, 9% of the entire economy? That's remarkable. I'm hoping I'm wrong. CBO thought we'd only be about 5.4% [in borrowing]. But if you look at our current burn rate, the concept and why that's important. Remember I've come here and done the presentation of the left's version of let's tax people over 400,000. (11:42–11:47)
CLAIM
Asserts that the Congressional Budget Office estimated borrowing at 5.4% of the economy.
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